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Show PROVIDES FUNDS 10 MOVE CROPS GOVERNMENT COMES TO -AID OF FARMERS IN THE SOUTH AND WEST. Between Twenty five and Fifty Million Mil-lion Dollars of Government Funds to be Used to Prevent the Usual Tightness of Money. Washington. Twenty-live to fifty million dollars of government funds will be deposited In the national banks of the south and west at onee by Beeretary McAdoo to facilitate the movement of crops. Federal, state and municipal bonds and prlmw com-Nurcla com-Nurcla paper will be accepted as security se-curity for the mouey, on which the banks will pay twa per cent Interest. The motive of Secretary McAdoo in establishing this policy Is to anticipate an-ticipate the money stringency In the lite summer and fall, whkh invariably invaria-bly accompanies the marketing and movement of crop, especially when i bey are unusually large as tbo bar-vest bar-vest now beginning forecasts. He Intends In-tends to take time by the forelock and prevent or minimize the usual( tightness of mouey. For the first time In history, the governaient will accept prime commercial com-mercial paper as security for deposits. This privilege will be granted in order or-der to make thexe special deposits available to banks on securities readily read-ily within their reach. |